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According to The Block, the Blockchain Association has submitted a letter of opinion regarding the stablecoin issuer rules proposed jointly by the U.S. Department of the Treasury's Financial Crimes Enforcement Network, the Office of the Comptroller of the Currency, and the Federal Reserve. The association supports limiting the Customer Identification Program (CIP) obligations to transactions where issuers directly face customers in the primary market, and it should not extend to peer-to-peer transfer activities in the secondary market.At the same time, the association calls on regulators to further clarify definitions such as "account," "customer," and "digital asset service provider," excluding one-time redemptions and other non-continuous businesses, and to avoid creating overlapping compliance burdens with anti-money laundering rules. The association stated that the implementation of the rules should balance stablecoin security, operability, and space for industry innovation.

20VC partner P_Bonnet published an article comparing the history of the aluminum industry to AI, exploring a scenario of "if everything goes well." Most supply shortages will turn into surpluses within 3-5 years and destroy value, but the aluminum industry has seen a price drop of over 99.9% and a market expansion of over 1000 times over more than a century, as each price reduction unlocks new uses rather than collapsing within the same market.AI Tokens are moving up the same cost ladder at nearly 10 times the speed, with the key point being that humans are no longer a constraint. Conversational AI is limited by human reading speed and user scale, while reasoning and agents can make consumers no longer human. Agentic AI may completely remove human limits, leaving only the rapidly improving costs and utilities. The aluminum industry also relied on technological breakthroughs to transform a cheap metal into a structural material.At the infrastructure level, Alcoa monopolized for decades through processes, its own ore, and electricity; Nvidia has accumulated processes like CUDA, with production capacity resembling leasing, and lacks its own power, as major clients have directly locked in nuclear power and are developing their own chips. Ultimately, value will shift to those who discover new uses that could not exist at old prices; price collapse, technological effectiveness, and capital migration are not opposites but the same outcome.

According to token unlock data from the crypto asset data platform RootData, EigenCloud (EIGEN) will unlock approximately 38.35 million tokens at 5:00 AM Beijing time on September 1, worth about 8.59 million USD.

U.S. President Trump stated that the United States urgently needs aluminum, most of which comes from Canada. Trump plans to build an aluminum plant in Oklahoma to address the escalating U.S.-Canada trade dispute and the 50% metal tariff controversy.More than half of the aluminum consumed in the United States each year is produced in Canada. The two sides were close to reaching an agreement to halve the aluminum tariff, but it faced opposition from the U.S. steel and aluminum industries.

According to market news, New York AI startup General Intuition is in talks to raise funding at a pre-money valuation of $6 billion, with new investors including Valor Equity Partners, Point72 Ventures, and Seven Seven Six, while existing investors Khosla Ventures and General Catalyst are also participating in this round of financing.The company is building foundational models to train general AI agents to move through space and time. This financing comes just weeks after General Intuition completed a $320 million funding round at a valuation of $2.3 billion. CEO Pim de Witte spun it out from the video game clip sharing platform Medal last October, leveraging hundreds of millions of hours of gaming data and player operation records as the initial training dataset. The company is becoming one of the hottest startups in the field of physical AI.

According to the Nikkei, Japan's Financial Services Agency plans to relax regulatory restrictions on trust banks issuing stablecoins, opening up space for individuals to conduct stablecoin transactions exceeding 1 million yen, and intends to include relevant content in the upcoming tax reform proposals.If implemented, stablecoins could further be used in large consumption scenarios such as automobiles and housing, indicating that the application of stablecoins in Japan is expanding from small payments to higher amount settlements.

According to The Information, Meta Platforms plans to launch the "HATCH" AI agent platform in the coming weeks.

JPMorgan Chase and Santander Bank will lead the financing support of up to $15 billion for the Argentine liquefied natural gas project.

Virtuals Protocol has released a complete operational guide for issuing AI Agent tokens on Solana, covering processes such as identity setup, instant or scheduled launch, token economics, and advanced configurations.The guide introduces the Automated Capital Formation (ACF) automatic financing mechanism, which has raised over $6.8 million; it also supports team pre-purchases, anti-sniping taxes, and directly binding tokens to the Economy OS-driven AI Agent. After the token launch, it will be traded through the Meteora DBC pool, with a 1% transaction fee, of which 70% goes to the creators. After accumulating 42,000 VIRTUAL tokens, the token will automatically graduate and migrate liquidity, with LP locked for 10 years.

The China Payment and Clearing Association issued the "Self-Regulatory Convention for Intelligent Agent Payment Applications," which regulates the behavior of member institutions in initiating and executing payment instructions using large models and other artificial intelligence "intelligent agents" in payment scenarios. The convention requires banks, non-bank payment institutions, clearing institutions, and others engaged in intelligent agent payment applications to adhere to the principle of "who provides the payment service is responsible," and to implement cybersecurity, data security, and privacy protection.The convention proposes the establishment of "Know Your Agent (KYA)," a hierarchical management system for intelligent agents, and a full-link identity transmission mechanism, strengthening model robustness and traceability, anti-money laundering and anti-fraud controls, and setting stricter authorization and risk control measures for vulnerable groups such as the elderly and minors. The convention will be implemented from the date of its release.

As of August 24, Shanghai has added 1 generative artificial intelligence service that has completed filing, with the model name being Qianwen Task Assistant; a total of 188 generative artificial intelligence services have completed filing.

Shanghai issued the "14th Five-Year Plan for Accelerating the Advancement of New Industrialization and Building a Modern Industrial System." The plan proposes to comprehensively enhance intelligent computing capabilities, tackle high-performance, low-power, and high-efficiency intelligent computing chips, improve cluster networking and cloud service capabilities, and explore innovative architectures such as heterogeneous computing, optical computing, and quantum artificial intelligence; optimize intelligent computing infrastructure and build an urban computing power network.The plan clearly states the continuous effort on large models, focusing on the research and development of the next generation of large models, overcoming key technologies such as architecture design and training optimization, promoting the coordinated development of chips, large models, and intelligent computing clouds, and building an independent ecosystem. It further promotes the "Model Power Gathering in Shanghai" initiative, accelerates the maturation of embodied intelligence technology, strengthens the autonomous full industrial chain layout of intelligent robots, enhances performance in key areas, and promotes real-world applications in key fields such as industrial manufacturing, logistics assembly, commercial retail, medical care, and housekeeping services. Among them, Jing'an District focuses on developing leading industry characteristic tracks such as ultra-high-definition audio-visual, data intelligence (data corpus and AI applications, blockchain), and beauty and health.

Stanford Business School Professor Ilya Strebulaev, in collaboration with Blake Jackson, released the 2026 Strebulaev-Jackson Venture Capital Firm Rankings, based on nearly 30 years of data from over 230,000 investments and nearly 13,000 VCs. The research estimates that about 5% of VCs generate approximately 90% of the industry's profits. The top five are Sequoia Capital (10,158 points), Andreessen Horowitz (8,292 points), Accel, DST Global, and Tiger Global. Among them, Parkway Venture Capital (19th place) and Notable (20th place) made it into the top 20, but are not well-known leading brands.The rankings are based on six major factors: discount valuation, dilution adjustment, net profit (after costs), value added (lead investments and board seats), human capital decay (three-and-a-half-year half-life), and credit allocation between institutions and individuals (25% for the investing institution and 75% for the current institution). Of the top 100, 62 are located in California, 19 in New York, and 6 each in Massachusetts and Texas. 21 were established in 2015 or later, and 23 of the best investments are in frontier AI or AI infrastructure companies, with OpenAI listed as the best investment by 4 firms, xAI by 3, and Anthropic and Perplexity by 2 each. The ranking methodology has a correlation of only about 0.27 with the Midas List, with SV Angel investing in about 139 unicorns ranked 31st, and Thrive with only 47 unicorns ranked 8th. This ranking is the result of research by Stanford professors and does not constitute investment advice.

According to Ai Yi's monitoring, the largest short position on the Hyperliquid platform for LIT urgently added $2.5 million in margin, with an unrealized loss of $5.605 million.This whale holds 2.528 million LIT (approximately $8.9 million), with an opening price of $1.3. After LIT was listed on Upbit, it briefly surged, and additional margin was added to reduce liquidation risk. Currently, the single-coin margin has reached $7.16 million, with a liquidation price of $5.78.

According to The Block, South Korea's top financial regulator has stated that it will accelerate discussions on cryptocurrency-related legislation and plans to launch the country's version of the "Basic Law on Digital Assets" this fall.The bill is expected to establish corresponding rules regarding stablecoin issuance, licensing for virtual asset service providers (VASP), Bitcoin ETFs, and other matters.

According to Nikkei Chinese News, the American company Meta has announced that it has begun offering code generation AI for programming, including the AI agent "Muse Code" and the new version of the AI model "Muse Spark" for software development. Its performance is not as good as Anthropic's high-end models, but compared to Anthropic's Claude Opus 5, the unit token usage fee is about 80% cheaper, aiming to attract enterprises looking to control costs.If Meta is provided with AI usage data for development, the costs will be reduced by more than 90%, bringing usage costs down to levels comparable to products from emerging Chinese companies like DeepSeek. Meta stated that its internal technical staff had previously used Anthropic's code generation AI extensively and listed "utilization of other companies' AI" as a reason for the decline in operating profit from April to June 2026; recently, it has encouraged employees to use its own developed AI more to control expenses.Meta also disclosed that during performance testing of Muse Spark, there were instances of the AI breaching external systems on the internet.

According to Jinshi reports, the dark side of the moon Kimi announced that the company's first-generation trillion-parameter multimodal model Kimi K2.5 will end its service at the end of this month.

The Responsible Fintech Institute (RFI) and the cryptocurrency asset custody infrastructure provider Safeheron announced the launch of a pilot program for quantum-resistant digital asset wallets and on-chain transfers, with participants from Europe, the Middle East, and Asia. The pilot operates on the quantum-resistant NEAR testnet and uses a multiparty computation protocol that supports the ML-DSA-65 standard.Participating regulatory bodies include the Abu Dhabi Global Market, Bhutan's Gelephu Financial Services Office, and Malta's Financial Services Authority, with Bison Bank and DK Bank participating as financial institutions. The banks will test wallet generation and transfers in a shared application environment, while regulatory bodies will observe in the initial phase and later participate in governance workflows. The organizers plan to release a white paper covering research, protocol design, and testing results, and gradually open-source the underlying technology. The Hong Kong Monetary Authority plans to prepare the Hong Kong banking sector to fully address quantum security risks by 2030, while a report from the Bank for International Settlements published in 2025 suggests that financial institutions should migrate to quantum-resistant systems in phases.

Web3 fitness application BRTFit announced that it is preparing for significant expansion in the Southeast Asia region and reiterated the arrangement for the distribution of 1 million BRT genesis airdrops. The final weighting will be 50% tBRT snapshot and 50% valid invited users. The genesis airdrop is not only aimed at early users; new joiners can also improve their ranking by staying active, exercising continuously, and inviting real users.Regarding the testnet rules, according to the latest iOS application version, if users stop exercising and do not meet the specified activity conditions, the testnet mechanism may deduct 10% of their total tBRT holdings. BRTFit calls on users to exercise more, invite more, and stay active to compete for shares of the genesis airdrop, and it states that the Southeast Asian market is coming soon.BRTFit is an application based on the BNB Chain's Move to Earn and DePIN direction, combining exercise data with token incentives, allowing users to join the ecosystem by searching for relevant entry points.